Mason Graphite Reports High Grade Intercepts from Infill Drilling in the GC Zone, Including 27 Meters at 40.3 % Cg, and Announces the Appointment of a New Director of Sustainable Development

Mason Graphite Inc. (“Mason Graphite” or the “Company”) (TSX.V: LLG; OTCQX: MGPHF) is pleased to report the second batch of assay results from the 2013-2014 drilling program at its Lac Guéret project in northeastern Quebec. The drill program consisted of 97 holes totaling 15,108 metres and was designed to pursue three objectives:

• to explore for mineral extensions to the North-East and beyond the defined resource envelope of the GC Zone (18 holes totaling 2,085 metres) – Results previously reported in the press release dated July 29, 2014;
• to explore for mineral continuity within the defined resource envelope of the GC Zone (68 holes totaling 11,323 metres); and
• to conduct exploration drilling on graphite showings on the property located beyond the areas where drilling had previously been conducted (11 holes totaling 1,700 metres).

This press release reports assay results from drilling conducted in the GC zone. The remaining drilling results will be reported in upcoming communications.

Results Confirm Presence of High Grade Areas in the GC Zone

“We are very pleased that these new results confirm the continuity of the mineralization within the GC zone. Furthermore, we continue to obtain high graphite grades, which supports our belief in the exceptional quality of the Lac Guéret property. These latest results will be combined with those from the North-East extension to update our resource estimate, which is expected to lead to the upgrade of the resource categories and to also allow for the optimization of the mining plan during our Feasibility Study.” said Benoit Gascon, President and CEO of Mason Graphite.

Drilling was performed in a quincunx pattern, with new holes drilled roughly in the middle of four (4) existing holes, resulting in an average distance of 35 metres between holes. The former drilling followed a grid pattern, with average spacing of 50 x 50 metres.

Intercept highlights from drilling conducted inside the PEA open pit envelope in the GC Zone include:
• Hole LG-403 intersected 76 metres at 27.5 % Cg, including 38 metres at 39.3 % Cg;
• Hole LG-421 intersected 46 metres at 28.7 % Cg, including 27 metres at 40.3 % Cg;
• Hole LG-424 intersected 86 metres at 32.7 % Cg, including 73 metres at 36.1 % Cg; and
• Hole LG-471 intersected 50 metres at 23.9 % Cg near the surface (4 metres), including 21 metres at 37.4 % Cg.

Intercept highlights from drilling conducted outside the PEA open pit envelope in the GC Zone include:
• Hole LG-420 intersected 42 metres at 24.6 % Cg, including 17 metres at 34.7 % Cg near the surface (7 metres);
• Hole LG-439 intersected 58 metres at 20.2 % Cg, including 14 metres at 36.6 % Cg;
• Hole LG-455 intersected 202 metres at 21.6 % Cg, including 3 intersections of 17, 24 and 46 metres at 30.7 % Cg to 33.3 % Cg, respectively;
• Hole LG-458 intersected 91 metres at 25.3 % Cg, including 30 metres at 40.8 % Cg; and
• Hole LG-463 intersected 130 metres at 26.7 % Cg, including 57 metres at 39.0 % Cg.

Read more: http://www.masongraphite.com/news/news-details/2014/MASON-GRAPHITE-REPORTS-HIGH-GRADE-INTERCEPTS-FROM-INFILL-DRILLING-IN-THE-GC-ZONE-INCLUDING-27-METRES-AT-403–Cg-AND-ANNOUNCES-THE-APPOINTMENT-OF-A-NEW-DIRECTOR-OF-SUSTAINABLE-DEVELOPMENT/default.aspx

NT3